While PureCycle Technologies Inc has overperformed by 4.03%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PCT rose by 148.55%, with highs and lows ranging from $11.25 to $2.38, whereas the simple moving average jumped by 87.11% in the last 200 days.
On October 18, 2024, Cantor Fitzgerald started tracking PureCycle Technologies Inc (NASDAQ: PCT) recommending Overweight. A report published by TD Cowen on August 09, 2024, Reiterated its previous ‘Buy’ rating for PCT. Craig Hallum also Downgraded PCT shares as ‘Hold’, setting a target price of $4 on the company’s shares in a report dated January 03, 2024. Oppenheimer November 09, 2023d its ‘Outperform’ rating to ‘Perform’ for PCT, as published in its report on November 09, 2023. Stifel’s report from September 16, 2022 suggests a price prediction of $15 for PCT shares, giving the stock a ‘Buy’ rating. Cowen also rated the stock as ‘Outperform’.
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Analysis of PureCycle Technologies Inc (PCT)
To gain a thorough understanding of PureCycle Technologies Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -42.32% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.54, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PCT is recording an average volume of 2.45M. On a monthly basis, the volatility of the stock is set at 6.90%, whereas on a weekly basis, it is put at 8.23%, with a gain of 18.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.00, showing decline from the present price of $11.11, which can serve as yet another indication of whether PCT is worth investing in or should be passed over.
How Do You Analyze PureCycle Technologies Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 15.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.24% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PCT shares are owned by institutional investors to the tune of 96.24% at present.
